Pi In The Sky Add-On Board

What you see below is a simple and reliable GPS radio tracker board for the Pi. Together with the supplied, open-source software it embodies the experience of about 40 successful flights, nearly half of which have used the Raspberry Pi.

It features:

Efficient built-in power regulator providing run time of over 20 hours from 4 AA cells

Can you confirm the exact frequency specifications for the 434MHz transmitter?
We are considering ordering and using one in New Zealand but need to ensure it meets the radiotracking spectrum usage regulations. We are legal up to 434.79MHz, does the module comply?